UT solar project lights up...

  The ministry of renewable energy of the central government has given approval to UT administration to equip solar energy plants atop private houses but curtailed their number from 300 to 230. "We received the nod last week. Public notices will be issued and if more than 230 residents opt for the facility, we will hold draw of...

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Suzlon promoters convert CCDs worth Rs 203 cr...

  Suzlon Energy has allotted over 18.47 crore shares of face value of Rs 2 each upon conversion of 203 compulsorily convertible debentures (CCDs) of face value of Rs 1 crore each, to its promoters. The preferential allotment post conversion of 100 CCDs is in consideration of conversion of the promoters’ unsecured loan of Rs 100 crore....

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Kerala State Electricity Board plea to regulator...

  The Kerala State Electricity Board has sought a review of drastic cuts in its expenses on generation of power, purchase of power, and general administration. The request was contained in an appeal to the Kerala State Electricity Regulatory Commission. The appeal noted while the Board had projected a revenue gap of Rs 2,758.67...

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Government finalising draft policy on incentive for green buildings...

  The Centre was finalising a draft policy on non-financial incentives to promote green buildings, a top official of the Ministry of Housing and Urban Poverty Alleviation said here today. Referring to the additional Floor Space Index, for green buildings in Noida, Union Secretary, Ministry of Housing and Urban Poverty Alleviation,...

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Tamil Nadu regulator's Order confuses solar energy users...

  Domestic consumers who had installed rooftop solar photo vo­ltaic plants have been left clueless wi­th the energy department’s order that capital subsidy of Rs 20,000 for solar systems would be provided only to those who purchased their systems through Ta­mil Nadu Elect­ri­city Development Age­ncy. In the government order, the...

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NHPC to buy-back government shares...

  State-owned NHPC would buy back government shares which would yield the exchequer about Rs. 20 billion. The Empowered Group of Ministers (EGoM) on disinvestment, headed by Finance Minister P Chidambaram, is likely to give its approval to this effect soon, according to a media report. Under the buyback scheme, the government can...

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KEC International stock surges 7%

  Shares of KEC International Ltd surged over 7% after consolidated net profit surged 34% to Rs 22 crore on 6.6% growth in net sales to Rs 1778 crore in Q2 September 2013 over Q2 September 2012. The stock is current trading at Rs33, up Rs2.25. The stock has hit a high of Rs33 and a low of Rs31. Source...

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Tata Power developing 160 MW wind projects in India...

  Augmenting its renewable energy portfolio, Tata Power is developing wind projects having total generation capacity of over 160 MW in the country. The private power producer already has an installed wind energy generation capacity of 398 MW with projects across Maharashtra, Rajasthan, Gujarat, Tamil Nadu and Karnataka. "Tata...

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630 MW Bokaro Thermal Plant of DVC closed down due to pollution issues...

  630 MW Bokaro hermal Station of Damodar Valley Corporation (DVC) was ordered to shut down on October 24 as it was found polluting the Kolar River. The Ash ponds of Bokaro thermal station were overflowing and the ash was being released to the Kolar River which is a subsidiary of Damodar River in gross violation of pollution norms....

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Modern India Ltd to set up 5 MW solar power plant at Satara District...

  Modern India Ltd to set up 5 MW solar power plant at Satara District The Board of Directors of Modern India Ltd at its meeting held on October 25, 2013, approved the proposal to set up a 5 MW Solar Power Plant at Satara District, Maharashtra. Shares of Modern India Ltd was last trading in BSE at Rs.52, up by Rs.1 or 1.96%. The...

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Country's target for renewable energy achievable: Karnataka Power Regulator...

  The Confederation of Indian Industry (CII) Karnataka conference on power highlighted several measures that could be adopted to help ease the current power crisis in the country. From wind and solar energy, to utilizing gas installation for peak-hour power requirements, the conference brought together some of the best minds in...

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